Joint administrators seeking a buyer for Bredbury Hall Hotel and Country Club
Famous North West hotel and country club, Bredbury Hall, is in administration and 91 of its 93 staff have been made redundant.
Anthony Collier and Ben Woolrych from specialist business advisory firm FRP were appointed joint administrators to Newco Ventures Limited, which trades the Bredbury Hall Hotel and Country Club, on Friday, October 9.
Bredbury Hall is a 148-room three-star hotel in the Goyt Valley, near Stockport.
The hotel comprises dining facilities, a fitness centre and a 16th century barn that has been converted into a nightclub.
The hotel has been closed since March 2020 as a result of the COVID-19 pandemic, with most staff placed on furlough.
Prior to closure the hotel experienced trading difficulties which resulted in increased creditor arrears and financial pressure.
As a result of these inherent pressures, the hotel was unable to reopen after lockdown restrictions were eased and an appointment of administrators was made.
With the hotel already closed, the majority of the workforce has been made redundant, while a small number of staff have been retained to assist the joint administrators.
Anthony Collier, joint administrator and partner at FRP, said: “The COVID-19 pandemic has put incredible pressure on hospitality businesses across the country as domestic and international travel is severely restricted.
“As trading operations have already ceased, we will be taking steps to market the hotel for sale in its current form.
“We have a team on site and working remotely to engage with and assist all the affected staff through this difficult time.
“We would encourage any interested parties in the business to come forward as soon as possible.”
In January, 2019, it was announced that Bredbury Hall had been saved through a multimillion-pound refinancing deal.
It had been bought out of administration four years prior to this by Bangladesh businessman Golam Sarwar, who owns the five-star Hotel Sarina in Dhaka.